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Post by silentknight on Apr 7, 2017 16:10:00 GMT -5
Change of control at MNKD's weakest position in the history of the company? Not good.
Looks like they're getting their golden parachutes in order for when it all goes bad. Must be nice to get millions in bonuses, salary, equities and severance for driving a company into the ground.
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Post by kbrion77 on Apr 7, 2017 16:15:58 GMT -5
Change of control at MNKD's weakest position in the history of the company? Not good. Looks like they're getting their golden parachutes in order for when it all goes bad. Must be nice to get millions in bonuses, salary, equities and severance for driving a company into the ground. Here comes Henry Orlowski lol.
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Post by lakers on Apr 7, 2017 16:21:24 GMT -5
It could be RLS' reverse merge instead of Henry Orlowski's takeover. RLS would benefit from tax write off. Many were hoping for "Drain the Swamp", reverse-merge. They may have it after all.
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boon
Newbie
Posts: 9
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Post by boon on Apr 7, 2017 16:24:38 GMT -5
At this point, dissolution/liquidation of the company seems more likely.
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Post by kbrion77 on Apr 7, 2017 16:32:11 GMT -5
I honestly don't think it's anymore than a golden parachute for the gang of 7 for hostile takeover purposes.
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Post by silentknight on Apr 7, 2017 16:33:11 GMT -5
It could be RLS' reverse merge instead of Henry Orlowski's takeover. RLS would benefit from tax write off. Many were hoping for "Drain the Swamp", reverse-merge. They may have it after all. With what money? RLS just had to do a capital raise a few months ago if I'm not mistaken. I think a reverse merger with RLS is about as likely as Rip's accidental script numbers this morning being accurate...ie wishful thinking.
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Post by falconquest on Apr 7, 2017 16:41:23 GMT -5
Is this a standard thing that means nothing or is this a standard thing that happens right before something specific happens, and if so what is the specific thing that usually happens after what just happened happens? I'm not sure what will happen, but whatever happens we won't know what is happening until after it happens. Yes but if that happens because of what happened then we'll know if it happens again what will happen. That makes us some real happening investors! (couldn't resist)
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Post by Cowgirl on Apr 7, 2017 16:48:07 GMT -5
This is Mannkind so typically a lot of hope as management likes to lead investors on but then no follow through. I would like to hope that there is a buyout in the works but my suspicion is that management is realizing that scripts are not building at any material rate. They most likely COULD have filed this COC at any time in the past but were holding onto it when they needed to try to find some support for the stock price. They most likely figured out this week that they need some kind of support to tap the ATM. With the price in the $1.25 range they'll basically be getting new funding at close to the all-time low in share price.
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Post by lakers on Apr 7, 2017 17:57:53 GMT -5
Change In Control Agreements suggests MNKD has received unsolicited bids to buy MNKD or take a majority stake in the company.
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Post by madog365 on Apr 7, 2017 18:02:17 GMT -5
Change In Control Agreements suggests MNKD has received unsolicited bids to buy MNKD or take a majority stake in the company. They would have to file those as well would they not?
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Post by mnkdfann on Apr 7, 2017 18:02:37 GMT -5
Change In Control Agreements suggests MNKD has received unsolicited bids to buy MNKD or take a majority stake in the company. Or one of the other events listed in the Appendix A, some of which are not as nice.
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Post by slugworth008 on Apr 7, 2017 20:20:25 GMT -5
Change In Control Agreements suggests MNKD has received unsolicited bids to buy MNKD or take a majority stake in the company. I would prefer a majority stake by a meaningful entity rather than a BO as I do believe Afrezza will gain traction (unlike many on this board).
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Post by orlon on Apr 7, 2017 21:00:24 GMT -5
I think we're screwed! The BOD approves these terms that benefits everybody but the shareholder, disregards shareholder value, pay, healthcare, bonuses, for up to 18 months...where is all this money coming from? If the company goes bust they are all well taken care of. This Change of Control is something I've never heard as a matter of routine. It seems to me they are preparing for the final kiss good night.
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Post by mnkdnewb on Apr 7, 2017 21:08:41 GMT -5
Change of control at MNKD's weakest position in the history of the company? Not good. Looks like they're getting their golden parachutes in order for when it all goes bad. Must be nice to get millions in bonuses, salary, equities and severance for driving a company into the ground. would explain how they were able to attract Mike in the first place: "if you fobgreat you'll be paid well and if it fails you'll be well taken care of, too"
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Post by sportsrancho on Apr 7, 2017 21:11:39 GMT -5
Change In Control Agreements suggests MNKD has received unsolicited bids to buy MNKD or take a majority stake in the company. They would have to file those as well would they not? IMO no. CEO's talk to other CEO's before they ever make a written offer.
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